The Kanowna Gold Project is 1.5km west of Northern Star Resources’ (ASX:NST) world class Kanowna Belle gold operations which has produced more than 5.4Moz of gold since 1993 and currently runs at an annual production rate of approximately 150koz. The 20km² KGP comprises 12 Prospecting Licenses 13km by sealed road east of Kalgoorlie in the Eastern Goldfields of Western Australia, one of the most prolifically well-endowed gold producing regions globally.

Due diligence by Cosmo’s technical team has confirmed four high priority, drill ready prospects at Don Álvaro, Laguna Verde, Dugite and WKL on the basis of:

• Widespread surficial and near-surface gold at WKL and Dugite;
• High grade gold intersected in historical drilling at Don Álvaro and Laguna Verde; and
• The association of the prospects with NE-trending structures cutting the Kanowna Shear which bisects the KGP from NW to SE.

Additional targets include numerous shallow aircore anomalies which have not been followed up such as an intersection of 2m @ 3.6g/t Au from 36m in aircore hole EVAC05160 drilled by Evolution Mining in 2019. EVAC05160 was drilled at the northeast end of a drill line and remains open along strike and at depth.

All targets have been lightly tested with only 12 holes in the entire project area drilled deeper than 150m noting recent discoveries at Velvet and Joplin less than 2km to the east have been at >400m vertical depth and where Northern Star have announced intersections including:

• 5m @ 30.6g/t
• 7m @ 13.4g/t
• 3m @ 13.7g/t
• 58.6m @ 3.3g/t

Kanowna Gold Project, East Goldfields Western Australia

Kanowna Gold Project on background magnetic image (RTP TMI)